Finacle

MUMBAI: Infosys Technologies on Wednesday announced the implementation of its banking product Finacle at the ANZ bank in Laos. Finacle would give ANZ's customers access to real time account balances, faster account processing and an expanded range of products and services. The implementation was completed in a record time of 180 days, a company release said here. The implementation also is the first milestone in the multi-country deployment planned by ANZ...

NEW DELHI: Country's second largest software services firm Infosys is increasing its focus on geographies like North America and EMEA region to drive growth of its core banking solution Finacle. "Finacle has a dominant share in India. While we continue to invest in India, we are also making significant investments in markets like North America, EMEA (Europe, Middle East and Africa)," Infosys Senior Vice President and Global Head of Finacle Michael Reh told PTI....

BENGALURU: Mangipudi Haragopal , the man credited with making Infosys' core banking solution Finacle a globally recognised product, has founded a startup that promises "next generation" banking solutions. Haragopal, who quit Infosys last month after a stint of more than two decades, is currently busy setting up a team of up to eight executives for his US-based startup, FinUNO, which will act as a virtual relationship manager for ...

MUMBAI: Infosys Technologies Ltd has supplied its core-banking platform, Finacle, to Kerala's Ernakulam district co-operative bank. This is the 20th bank in India to opt for Finacle and is the second co-operative bank to implement the banking platform, Infosys Technologies informed the Stock Exchange, Mumbai, on Wednesday. The solution would help the bank offer new age product and services to its customers, apart from consolidating its position in the region, it...

BENGALURU: Infosys is introducing disruptive technologies, including data analytics, to offer real-time solutions to banks and will engage with some homegrown startups as it looks to transform its core banking platform Finacle under the unit's new boss, former SAP executive vice president Michael Reh . The company will also be making "significant investments" in its main Asia-Pacific market and the US, where Finacle hasn't been able...

BENGALURU: Mangipudi Haragopal , the man credited with making Infosys' core banking solution Finacle a globally recognised product, has founded a startup that promises "next generation" banking solutions. Haragopal, who quit Infosys last month after a stint of more than two decades, is currently busy setting up a team of up to eight executives for his US-based startup, FinUNO, which will act as a virtual...

BANGALORE: Infosys Technologies said on Monday it has signed up Arab National Bank, one of the ten commercial banks in Saudi Arabia, to implement Finacle, its universal banking solution. "Finacle will provide the solution to power ANB's Web-based initiatives in the space of corporate banking, retail banking and alerts," an Infosys statement said. "Over the past couple of years, Infosys has made significant investments in localising Finacle as well as building sales and delivery capabilities in...

NEW DELHI: IT major Infosys has implemented its e-banking software solution, Finacle in Croatia-based Hrvatska Postanska Banka (HPB). Infosys has installed the e-banking solution in the Croatian language at HPB, the largest state-owned bank in the country, HPB said in a statement. The bank services its customers through post offices and branch network and with the installation of e-banking solution, the bank expects to enhance its customer base by attracting younger...

BANGALORE: Infosys Technologies is seeing the exit of another top level official with the head of its banking product business leaving the organisation. Merwin Fernandes, who was heading Infosys' banking product business - Finacle - has put in his papers, sources told ET. Mr Fernandes has spent close to a decade in Infosys and was the VP and global head - Finacle. He moved into the role following the elevation of Girish Vaidya as senior vice-president, Infosys Leadership Institute.

BANGALORE: Infosys Technologies Limited on Wednesday announced the launch of Finacle 10, the latest version of its universal banking solution, with a new set of offerings including Islamic banking. The Bangalore-headquartered firm said it's a highly sophisticated and advanced system that has been built with efforts of over 240,000 person days. Member of Infosys Board, T V Mohandas Pai, told news conference here that Finacle 100 has...

BANGALORE: Vishal Sikka's drive to put innovation at the core of Infosys culture to offer new products and solutions is underlined by the CEO promising to double company's investment in its core banking product, Finacle, which until late last year was being considered to be sold-off. With Sikka at the helm, Infosys has shelved plans to explore selling off its banking product Finacle, as the Board of Infosys until late last year...

NEW DELHI: IT services major Infosys today said it is providing banking software solutions to Philippines-based Bank of Makati, which recently transitioned into a savings bank. Bank of Makati (BMI) has implemented Infosys' Finacle core banking solution to transform customer experience and drive growth, at reduced costs, the firm said in a statement. This deployment will enable BMI to better promote its business and housing loan products nationwide and also...

BANGALORE: In addition to the 12 executive vice-presidents at Infosys, Sikka since taking over office on August 1 has brought three of his former SAP colleagues to Infosys to help him implement his new initiatives. Two of the three, Michael Reh and Navin Budhiraja were present when Sikka unveiled his strategy. MICHAEL REH FORMER : Executive VP for business information & tech nology at SAP CURRENTLY : Senior VP at...

BANGALORE: When Infosys declares its second-quarter numbers on Friday, it will attract a lot of investor and media attention for more than one reason. For one, it will be the last time that Infosys results carry the imprimatur of founder N R Narayana Murthy , who has stepped away after returning to steady the ship in June last year. Also, the management's commentary on business will be a pointer for what to expect from the results of other software exporters,...

BANGALORE: Vishal Sikka has started putting his trusted lieutenants in key positions at Infosys to help him steer the company from years of underperformance and roll out the strategy that will be outlined on October 10. Significantly, in addition to hiring former SAP executives, Sikka is strengthening the firm's partnership with Stanford and implementing Design Thinking to build beautiful codes, making many believe that Sikka is building...

BANGALORE: When Infosys declares its second quarter numbers this Friday it will attract a lot of investor and media attention for more than one reason. For one, it will mark the last time cofounder Narayana Murthy , who returned more than two years ago to steady the ship, will be present when the company announces its results. Two, the management's commentary on business will be a primer for what to expect from results of other software exporters, including TCS...

NEW DELHI: IT bellwether Infosys Technologies on Wednesday said it has bought advanced technology module from an Australian company to enhance the features of its banking software product Finacle. "We have acquired IP (Internet Protocal) from an Australian company this month to add more functionality to Finacle. The IP, which provides a comprehensive set of financial tools to our existing product line, is suitable for large banks in European countries who use...

NEW DELHI | BANGALORE: Vishal Sikka has tasked his former colleague from SAP , Michael Reh, to help revive the fortunes of Infosys' core-banking product Finacle, underscoring the new chief executive's efforts to revive the software exporter's struggling solutions vertical. M Haragopal, senior vice president and head of Finacle, has decided to end his over-two-decade stint with the Bangalore-based company, prompting Sikka to name Reh, who joined Infosys on...

NEW DELHI/BANGALORE: Vishal Sikka has tasked his former colleague from SAP , Michael Reh to help revive the fortunes of Infosys's core banking, Finacle, thereby underlying the significance of the division after the first non-founder CEO said that he aims to double company's investment to revive the struggling solutions vertical. M Haragopal, senior vice president and head of Finacle, decided to end his...